Overview of Emerarudomanshon Matsushima (エメラルドマンション松島)
Emerarudomanshon Matsushima (エメラルドマンション松島) is a 45-year-old condominium located at Fukuokashi Higashiku Matsushima 3 Choume 13-8 (福岡市東区松島3丁目13-8), Fukuoka, Japan. Built in 1981, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Taisei Purehabu (大成プレハブ).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 480〜1,280万円 (approx. $32,000–$85,333 USD at ¥150/$).
Unit sizes range from 58.6–72.5 sqm (631–780 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.6万/sqm (approx. $904/sqm or $84/sqft).
Location & Neighborhood
The property is located at Fukuokashi Higashiku Matsushima 3 Choume 13-8 (福岡市東区松島3丁目13-8), Fukuoka, Japan. It is a 23-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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